FY2024 Earnings Forecast for Gibson Energy Inc. Issued By Atb Cap Markets (TSE:GEI)

Gibson Energy Inc. (TSE:GEI - Free Report) - Equities researchers at Atb Cap Markets increased their FY2024 earnings per share (EPS) estimates for Gibson Energy in a research report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $1.65 for the year, up from their prior forecast of $1.63. The consensus estimate for Gibson Energy's current full-year earnings is $1.59 per share.

GEI has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Monday, April 15th. CIBC upped their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Monday, January 8th. National Bankshares raised their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 30th. Finally, Jefferies Financial Group set a C$25.00 price target on shares of Gibson Energy and gave the stock a "buy" rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.46.

Gibson Energy Price Performance

Shares of GEI traded down C$0.03 during mid-day trading on Thursday, reaching C$22.72. 226,257 shares of the company's stock were exchanged, compared to its average volume of 554,844. Gibson Energy has a 52-week low of C$18.45 and a 52-week high of C$23.40. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 303.96. The company has a 50-day simple moving average of C$22.59 and a two-hundred day simple moving average of C$21.35. The company has a market cap of C$3.67 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing analysts' consensus estimates of C$0.40 by C($0.08). The business had revenue of C$2.81 billion during the quarter, compared to analyst estimates of C$3.33 billion. Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%.

Insider Activity at Gibson Energy

In related news, Director Khalid Muslih bought 7,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of C$16.63 per share, for a total transaction of C$116,410.00. In other news, Director Khalid Muslih bought 7,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of C$16.63 per share, for a total transaction of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. 0.81% of the stock is owned by corporate insiders.

Gibson Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Thursday, March 28th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Gibson Energy's previous quarterly dividend of $0.39. Gibson Energy's dividend payout ratio is 116.31%.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.